We’re talking about two important topics today: Are reverse mortgages a bad idea? And how can I help my widowed parent with their finances?
Read more and get additional resources here: https://wp.me/p9B077-Me
Learn more about reverse mortgages: https://smartmoneyquestions.com/podcastposts/episode-93-harlan-accola-behind-the-curtain-of-reverse-mortgages/
What we discuss on this show:
2:56 – Are reverse mortgages a bad idea?
6:35 – Different types of reverse mortgages
9:08 – Can we get kicked out of our home?
13:03 – How to help a widowed parent
14:49 – Look at beneficiaries
16:01 – Do you see any life insurance?
17:46 – Look at parent’s living arrangement
18:36 – Matt talks about is father’s passing
20:04 – Are liabilities joint or just in one parent’s name?
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